300 APARTMENTS TO YOUNG SCHOLARS
Panorama.am
17/05/2010
The construction of the building in the frames of the "Affordable
apartment for young scholars" project is due to get underway in
August-September, Armenia’s Deputy Minister of Sport and Youth Affairs
Arsen Karamyan told reporters Monday. The construction works of the
building with 300 apartments will be over in 27 months.
According to A. Karamyan, the mortgage can be paid off in 25 years,
while the project defines 20 % of mortgage prepayment. The young
scholars having served in the army will not have to make the 20%
prepayment.
Thus, young scholar’s family can get a repaired apartment for 63
thousand AMD per month.
"1 sq. metre will cost 180 thousand AMD. This is 2,1 times as
affordable as the market price, taking into consideration that market
offers a used housing," he said.
The coordinator of the council of young scholars Atom Mkhitaryan said
they have received 100 applications already.
"The project is also open to the young culture figures and members
of the Writers’ Union," Karamyan said.